We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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RJC Adds Coloured Gemstones to Coverage
New York: The Responsible Jewellery Council (RJC) is to add colored gemstones to its material coverage following discussions with its members, external stakeholders and the colored-gemstone sector over the past five years, the trade body announced in a press release at the BaselWorld tradeshow. Currently, the RJC covers diamonds, gold and platinum-group metals. The RJC will next revise its code
Rio Tinto Announces New Chief
Perth: International mining corporation Rio Tinto has announced that the company’s Chief Executive Sam Walsh will be retiring on 1 July 2016. Rio Tinto’s Copper & Coal division’s Chief Executive Jean-Sébastien Jacques, has been chosen to take over from Walsh, and in the interim will join the board and become deputy Chief Executive with immediate effect. Jacques, who has served
Indian Jewellers Call off Strike
Mumbai: Jewellers on Saturday called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials. Major jewellery associations, including All India Gems and Jewellery Trade Federation (GJF), India Bullion and Jewellers Association (IBJA) and Gem & Jewellery Export Promotion Council (GJEPC) decided to
GMS Generates only 3 Tons of Gold
New Delhi: India’s Government may further tweak the Gold Monetization Scheme (GMS) with retrospective effect in view of lower collections so far and to make it more attractive for investors. Economic affairs secretary Mr. Shaktikanta Das met Indian Bullion Association and jewellery industry representatives for their inputs to make the scheme more attractive as the scheme has garnered only 3
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
